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Weisbro and Sons common stock sells for $31 a share and pays an annual dividend that increases by 5.5 percent annually. The market rate of

Weisbro and Sons common stock sells for $31 a share and pays an annual dividend that increases by 5.5 percent annually. The market rate of return on this stock is 9.5 percent. What is the amount of the last dividend paid by Weisbro and Sons?

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